Insurance everfi
Something people buy to protect themselves from losing a lot of money in the event something happens to them or their property is known as...
insurance
Collision insurance is...
insurance that will pay to get your car fixed in the event of an accident.
Insurance that will pay for injury to another driver and/or damage to their car if you are in an accident is called...
liability insurance
An example of a risk management strategy is...
wearing a seat belt while driving and wearing a helmet when biking.
When is it ok not to have health insurance?
you should always have health insurance
How can insurance protect you from financial loss?
Insurance can cover you or your property in case of an accident, theft, or another unpredictable event.
What is true about health insurance?
-Health insurance decreases your healthcare costs. -Purchasing health care can help save you from medical bankruptcy. -If you don't have health insurance, you pay all costs for healthcare and medical emergencies.
What is a risk management strategy you could use to protect your home?
Buying a home security system
Which of the following is a reason someone should get health insurance? A. Health insurance allows all medical procedures to be covered for free. B. People with health insurance can get faster access to medical care at emergency rooms. C. Health insurance protects you financially from medical emergencies. D. Most health insurance policies also covers non medical procedures.
C. Health insurance protects you financially from medical emergencies.
How is having a security system for your home a risk management strategy?
The security system will alert authorities and deter criminals, protecting your valuables and property.
Why should you purchase insurance?
To prevent financial burden in the case of an accident, theft, or another event
When filing an insurance claim, the policyholder must pay a ________________, which is the amount you owe before insurance will cover the rest of the bill.
deductible
An insurance deductible is...
the amount you owe before insurance will cover the rest of the bill.
An insurance premium is paid by...
the policyholder